FX.co ★ GBPJPY M15: Bullish Rectangle

GBPJPY M15: Bullish Rectangle

Bullish RectangleAccording to the chart of M15, GBPJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 162.35 and support 162.07. In case the resistance level 162.35 - 162.35 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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